Real Estate Sales

The February Report was publish on February 13, 2024 for the real estate sales for the month of January 2024. The data includes the average price per square meter for listings in the Kansai region in one data set. The Kansai region includes Wakayama, Osaka, Nara, Hyogo, Kyoto, and Shiga Prefectures.

Data for Real Estate Sales will not included new construction.

The Data will be Broken Down into Three Categories:

1. Condominium Sales
2. House Sales
3. Land Sales

Sub categories will include units sold and the number of new listings to hit the market.

１．Condominium Sales
Kansai Region

Units Sold

January 2024: ¥436,000 per square meter a total of 1,187 units sold
January 2023: ¥403,400 per square meter a total of 1,162 units sold
Year-over-year change of 8.1% per square meter
Month-to-month change of -1.7% per square meter (December to January)

January 2024: ¥29,330,000 average price
January 2023: ¥27,680,000 average price
Year-over-year change of 6.0%
Month-to-month change of -2.5% (December to January)
Average Floor Area: 67.27m²
Average Age: 26.01 years

New Properties Listed

January 2024: ¥436,100 per square meter a total of 5,877 units listed
January 2023: ¥440,600 per square meter a total of 5,027 units listed
Year-over-year change of -1.0% per square meter
Month-to-month change of -2.8% per square meter (December to January)

Total Inventory

January 2024: 20,734 total units at ¥426,500 per square meter
January 2023: 18,135 total units at ¥435,800 per square meter
Year-over-year change of -2.1% per square meter
Month-to-month change of -0.7% per square meter (December to January)
Total Inventory year over year change: 14.3%

Osaka City

Units Sold

January 2024: ¥618,500 per square meter a total of 337 units sold
January 2023: ¥582,900 per square meter a total of 303 units sold
Year-over-year change of 6.1% per square meter
Month-to-month change of -0.8% per square meter (December to January)

January 2024: ¥38,000,000 average price
January 2023: ¥36,110,000 average price
Year-over-year change of 5.2%
Month-to-month change of -2.2% (December to January)
Average Floor Area: 61.43m²
Average Age: 22.06 years

New Properties Listed

January 2024: ¥597,100 per square meter a total of 1,830 units listed
January 2023: ¥599,800 per square meter a total of 1,686 units listed
Year-over-year change of -0.5% per square meter
Month-to-month change of -4.6% per square meter (December to January)

January 2024: ¥32,320,000 average price
January 2023: ¥31,940,000 average price
Year-over-year change of 1.2%
Month-to-month change of -7.0% (December to January)
Average Floor Area: 54.13m²
Average Age: 25.10 years

Northern Osaka (Hokusetsu Area)

Units Sold

January 2024: ¥443,700 per square meter a total of 139 units sold
January 2023: ¥414,100 per square meter a total of 146 units sold
Year-over-year change of 7.1% per square meter
Month-to-month change of 8.2% per square meter (December to January)

January 2024: ¥33,300,000 average price
January 2023: ¥31,740,000 average price
Year-over-year change of 4.9%
Month-to-month change of 13.5% (December to January)
Average Floor Area: 75.05m²
Average Age: 24.10 year

New Properties Listed

January 2024: ¥397,500 per square meter a total of 579 units listed
January 2023: ¥400,600 per square meter a total of 431 units listed
Year-over-year change of -0.8% per square meter
Month-to-month change of -4.1% per square meter (December to January)

January 2024: ¥29,030,000 average price
January 2023: ¥29,930,000 average price
Year-over-year change of -3.0%
Month-to-month change of -4.9% (December to January)
Average Floor Area: 73.02m²
Average Age: 32.11 years

２．House Sales (Detached Homes)
Kansai Region

Homes Sold

January 2024: average price of ¥24,470,000 for a total of 832 homes sold
January 2023: average price of ¥24,060,000 for a total of 681 homes sold
Year-over-year change of 1.7% (average price)
Month-to-month change of 7.7%  (average price from December to January)

Average Land Area: 135.83m²
Average Building Area: 108.81m²
Average Age: 27.01 years

New Homes Listed

January 2024: average price of ¥27,600,000 for a total of 3,889 homes listed
January 2023: average price of ¥27,960,000 for a total of 3,245 homes listed
Year-over-year change of -1.3% (average price)
Month-to-month change of 2.5%  (average price from December to January)

Average Land Area: 137.61m²
Average Building Area: 111.30m²
Average Age: 27.10 years

Total Inventory

January 2024: average price of ¥26,550,000 for a total of 15,760 homes
January 2023: average price of ¥26,550,000 for a total of 12,643 homes
Year-over-year change of 0.0% (average price)
Month-to-month change of 0.2%  (average price from December to January)
Total Inventory year over year change: 24.7%

Average Land Area: 141.30m²
Average Building Area: 110.62m²
Average Age: 29.03 years

Northern Osaka (Hokusetsu Area)

Homes Sold

January 2024: average price of ¥35,460,000 for a total of 70 homes sold
January 2023: average price of ¥39,070,000 for a total of 58 homes sold
Year-over-year change of -9.3% (average price)
Month-to-month change of 19.2%  (average price from December to January)

Average Land Area: 116.79m²
Average Building Area: 107.97m²
Average Age: 23.07 years

New Properties Listed

January 2024: average price of ¥39,700,000 for a total of 281 homes listed
January 2023: average price of ¥38,480,000 for a total of 199 homes listed
Year-over-year change of 3.2% (average price)
Month-to-month change of 3.7%  (average price from December to January)

Average Land Area: 140.39m²
Average Building Area: 120.81m²
Average Age: 25.02 years

３．Land Sales
Kansai Region

Lots Sold

January 2024: average price per square meter of ¥149,800 for a total of 492 lots sold
January 2023: average price per square meter of ¥136,100 for a total of 448 lots sold
Year-over-year change of 10.1% price per square meter
Month-to-month change of -2.7%  price per square meter (December to January)

January 2024: ¥22,890,000 average price
January 2023: ¥22,230,000 average price
Year-over-year change of 2.9%
Month-to-month change of -6.9% (December to January)
Average Land Area: 152.76m²

New Properties Listed

January 2024: average price per square meter of ¥165,900 for a total of 3,007 lots listed
January 2023: average price per square meter of ¥147,600 for a total of 2,504 lots listed
Year-over-year change of 12.4% price per square meter
Month-to-month change of 5.0%  price per square meter (December to January)

January 2024: ¥26,160,000 average price
January 2023: ¥23,670,000 average price
Year-over-year change of 10.5%
Month-to-month change of 3.4% (December to January)
Average Land Area: 157.72m²

Total Inventory

January 2024: 15,412 total lots at ¥124,400 per square meter
January 2023: 12,923 total lots at ¥122,900 per square meter
Year-over-year change of 9.1% per square meter
Month-to-month change of 1.2% per square meter (December to January)
Total Inventory year over year change: 19.3%

January 2024: ¥20,890,000 average price
January 2023: ¥19,260,000 average price
Year-over-year change of 8.5%
Month-to-month change of 1.2% (December to January)
Average Land Area: 167.96m²

Northern Osaka (Hokusetsu Area)

Lots Sold

January 2024: average price per square meter of ¥256,300 for a total of 45 lots sold
January 2023: average price per square meter of ¥216,400 for a total of 22 lots sold
Year-over-year change of 18.4% price per square meter
Month-to-month change of 13.7%  price per square meter (December to January)

January 2024: ¥36,950,000 average price
January 2023: ¥29,330,000 average price
Year-over-year change of 26.0%
Month-to-month change of 4.1% (December to January)
Average Land Area: 144.15m²

New Properties Listed

January 2024: average price per square meter of ¥247,300 for a total of 231 lots listed
January 2023: average price per square meter of ¥256,200 for a total of 151 lots listed
Year-over-year change of -3.5% price per square meter
Month-to-month change of -6.2%  price per square meter (December to January)

January 2024: ¥36,520,000 average price
January 2023: ¥37,120,000 average price
Year-over-year change of -1.6%
Month-to-month change of -5.6% (December to January)
Average Land Area: 147.63m²

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Email: info@remax-apex.com

For the original data in Japanese click here → Kinki